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RNS Number : 4556G Avingtrans PLC 29 March 2022
29 March 2022
Avingtrans plc
("Avingtrans", the "Company", or the "Group")
PDMR Dealings
Avingtrans plc (AIM: AVG), which designs, manufactures and supplies critical
components, modules, systems and associated services to the energy, medical
and industrial sectors, announces certain dealings in its shares by Roger
McDowell, Chairman.
PDMR Dealings
On 28 March 2022, Rachel McDowell (Roger's wife) sold 14,000 ordinary shares
of 5 pence each ("Ordinary Shares") at a price of 435 pence per Ordinary
Share. On the same date, Roger subsequently purchased 14,000 Ordinary Shares
at a price of 435.20 pence per Ordinary Share into his SIPP.
As a result of the above activity, Roger's interest in the Company's issued
share capital remains unchanged at 1,406,409 Ordinary Shares, representing
4.4% of the Company's enlarged share capital.
Enquiries:
Avingtrans plc 01354 692391
Roger McDowell, Chairman
Steve McQuillan, Chief Executive Officer Stephen King, Chief Financial Officer
Singer Capital Markets (Nominated Adviser and Broker) 02074 963000
Shaun Dobson
Alex Bond
Oliver Platts
Rachel Hayes
IFC Advisory Ltd 020 3934 6630
Graham Herring
Tim Metcalfe
Zach Cohen
About Avingtrans plc:
Avingtrans designs, manufactures and supplies original equipment, systems and
associated aftermarket services to the energy, medical and industrial markets
worldwide.
Business units
Hayward Tyler - Luton & East Kilbride, UK and USA, China and India
Specialises in the design, manufacture and servicing of performance-critical
motors and pumps for challenging environments.
Energy Steel, Inc - Rochester Hills, Michigan, USA
Provider of custom fabrications for the nuclear industry, specialising in: OEM
parts obsolescence; custom fabrications; engineering design solutions; product
refurbishment; on-site technical support.
Stainless Metalcraft Ltd - Chatteris, UK and Chengdu, China
Provider of safety-critical equipment for the energy, medical, science and
research communities, worldwide, specialising in precision pressure and vacuum
vessels and associated fabrications, sub-assemblies and systems.
Booth Industries - Bolton, UK
Designs, manufactures, installs and services doors and walls which can be
tailored to be: blast &explosion proof; fireproof; acoustically shielded;
high security/safety; or combinations of the above
Ormandy Group, Bradford, UK
Design, manufacturers and servicing of off-site plant, heat exchangers and
other HVAC (heating, ventilation and air conditioning) products
Composite Products Ltd - Buckingham, UK
Centre for composite technology, parts and assemblies, serving customers in
industrial markets.
Magnetica Ltd - Brisbane, Australia
Magnetica Limited specialises in the development of next generation MRI
technologies, including dedicated extremity MRI systems and MRI system
components. Magnetica has successfully built and tested a compact, integrated
3 Tesla orthopaedic MRI system, demonstrating clinical-quality imaging.
Commercialisation of this system (and others) is on-going. Magnetica's
structure now includes two other business units:
Scientific Magnetics - Abingdon, UK
Designs and manufactures superconducting magnet systems and associated
cryogenics for a variety of markets including MRI and provides services for
Nuclear Magnetic Resonance instruments.
Tecmag Inc, Houston, USA
Designs, manufactures and installs instrumentation, including consoles, system
upgrades, and probes, mainly for Magnetic Resonance Imaging (MRI) and Nuclear
Magnetic Resonance (NMR) systems.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Roger McDowell
2 Reason for the notification
a) Position/status Chairman
Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Avingtrans PLC
b) LEI 213800ZZ96CKPI423E86
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 5p each
Identification code ISIN: GB0009188797
b) Nature of the transaction Sale and Purchase of Ordinary Shares (via Roger's wife Rachel McDowell)
c) Price(s) and volume(s) Sale of Ordinary Shares
Price(s) Volume(s)
435.00p 14,000
Purchase of Ordinary Shares
Price(s) Volume(s)
435.20p 14,000
d) Aggregated information n/a
- Aggregated volume
- Price
e) Date of the transaction 28 March 2022
f) Place of the transaction London Stock Exchange, AIM
Purchase of Ordinary Shares
Price(s) Volume(s)
435.20p 14,000
d)
Aggregated information
n/a
- Aggregated volume
- Price
e)
Date of the transaction
28 March 2022
f)
Place of the transaction
London Stock Exchange, AIM
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